Ordinance 1979-668 - Laserfiche WebLink

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1')\' l 'i _", ~._; :\ .~-~ .L ~J~' ~~\ 2: : ___~!o~a rc~__ 13 e_r~~:...-__________ _________ .______ .'_ __. - ---.- .-- --~ -- ORDI~~t\~-JCS NO_ 668 Seri~s of 1979 AN ORDINANCE AUTHORIZING THE ISSUANCE OF A SPECIAL OBLIGATION NOTE IN A TOTAL PRINCIPAL ANOUNT OF $939,375.00 OF THE CITY OF LOUISVILLE, COLOR:;.DO, FOR THE PURPOSE OF RE;:'IOVATD.7G l\L--iD IH?ROVING THE CITY HALL; RATI?YING THE CONTRACT FOR SUCH RENOVATION A~:D HIPROVE:.!ENT; PLEDGING CERTAIN SALES 'TAX RECEIPTS FOR THE P Ayr-i2NT OF SAID NOTE AND THE IN'rEREST THEREON; AND PRESCRIBING OTHER DETAILS IN CONNECTION THERE~nTH. 1j'H-IEREAS , the City of Louisville, Boulder, Colorado is a Statutory City operating pursuant to C. R . S . 1973 531-1-201; and \'H-IE P2AS , the City Council deems it necessary and advis- able that the present city hall facility be renov2.ted, im- proved, and enlarged in order to provide sufficient office space for the condEct of the C it y , s affairs; and ~\;rrE P..EAS , the City has en t<:~red into a contract dated , 1979 be t,,',oeen the City of Louisville, - Col.:.:>rac1o, and Commercial Industrial Construction, Inc. for - renova -tioD., improvement and enlargesent of the present City Halli and \'7HEREAS, the City does not have in its treasury sufficient funds to make payment to the contractor for the renovation, imp roverr.en t, and enlargement of the City Hall and there~ore, > the Ci ty Council c1,~e;T\S it necessary and advisable -to issue e- Special Obliga-tion Note, hereinafter described, for that purpose; and 'iiIU::REAS, in NCY\/C'![\Der, 1975, the qualified electors of the City .c Louisvil.le, Colorddo, approved Sales I'a.x Orc1inol1ce O_L 1\;0.. 479 imposing on all sales of tangible personal property at retail or the furnishing of services, as provided in C.H.S_ 1973 S 3 9 - 2 6 - lOLl , as am",ndecl, a -tax equal to 2 percent of the gross receipt; and \'JI-lEICAS, said Sales Tax Ordinance provides, a t See tl.on 6 -- /. I that Lhe City Council "'.o.}' amend, alter, or chdn92 ., SI.."} Let Ordinance S1...1t)Se~{l12I1 t to <~c1()p tion, cxcep t <:toj t'" the rate of ,.J